Question $23$

Which statement describes department stores such as JCPenney and Macy's?

All departments $-$ such as shoes, children's clothing, electronics, housewares, etc.$-$operate collectively as a single profit center, but policies about pricing and the types of merchandise carried are set at the individual departmental level.

Each department acts as a separate profit center, setting its own policies about pricing and the types of merchandise carried.

All departments $-$ such as shoes, children's clothing, electronics, housewares, etc.$-$operate collectively as a single profit center, and the central management sets policies about pricing and the types of merchandise carried.

Each department acts as a separate profit center, but the central management sets policies about pricing and the types of merchandise carried.